Judge Arthur Engoron of the Manhattan Superior Court has set a hearing date for Tuesday, October 2, 2023. Trump’s lawyers will most likely try to delay the start of the trial even further.
New York State Attorney General Letitia James filed a civil lawsuit against Trump and his three oldest children in September over allegations of massive financial fraud. For years, the family holding company Trump Organization is said to have misled the tax authorities, banks and insurance companies about the true state of their finances in order to gain financial advantage.
James accused Trump of “lying” to gain “enormous” benefits. With the help of his children and other employees, he artificially inflated the value of his assets by billions to get cheap loans and insurance contracts. In other cases, values have been fraudulently manipulated downwards to pay less tax.
James is seeking at least $250 million in fines for Trump and his children, Donald Junior, Ivanka and Eric. She also wants to ban Trump and his children from doing business in New York state.
According to the lawsuit, the Trumps should be stripped of control of their holding company and placed under an independent oversight body. The Trump Organization includes residential real estate, upscale hotels, golf courses and other luxury leisure facilities.
Trump, who is seeking to run for president again in 2024, has dismissed the allegations as partisan-motivated “witch hunts.”
Attorney General James is not authorized to take criminal action against the ex-president. At the end of October, a tax fraud trial against Trump’s family holding company had already started in New Zealand. Prosecutors accuse the Trump Organization of failing to report and not tax executive benefits. The holding company’s longtime CFO, 75-year-old Allen Weisselberg, has already pleaded guilty to 15 counts. Trump himself has not been charged in the case.
The ex-president is also facing a slew of investigations and investigations at various levels and on various charges. These include his influence over radical supporters who stormed the Capitol in Washington in January 2021. He is also suspected of violating an espionage law for hoarding government documents marked classified and confidential at his private residence in Florida. (sda/afp)
Soource :Watson
I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.
On the same day of the terrorist attack on the Krokus City Hall in Moscow,…
class="sc-cffd1e67-0 iQNQmc">1/4Residents of Tenerife have had enough of noisy and dirty tourists.It's too loud, the…
class="sc-cffd1e67-0 iQNQmc">1/7Packing his things in Munich in the summer: Thomas Tuchel.After just over a year,…
At least seven people have been killed and 57 injured in severe earthquakes in the…
The American space agency NASA would establish a uniform lunar time on behalf of the…
class="sc-cffd1e67-0 iQNQmc">1/8Bode Obwegeser was surprised by the earthquake while he was sleeping. “It was a…